How can we assure declination letters are sent on Preflight transactions which initiate outside of our LOS?
- Posted by kelly
- On May 1, 2017
- 0 Comments
Credit Technologies® has an automated solution to guarantee any required declination letters are issued. The Automated Adverse Action Notice service (A3N) allows you to establish minimum mid-FICO® score requirements. Whenever applicants fail to meet your pre-determined minimums, Credit Technologies®‘ automatically prepares and issues the required disclosures via first class mail. In addition, the Mortgage Preflight® system can automatically notify multiple individuals or teams of every Preflight® transaction, allowing for easy monitoring of all downstream compliance requirements.